Quai Network is merge-mining Bitcoin Cash, Litecoin, Dogecoin and RavenCoin alongside QUAI through its Subsidized Open-market Acquisition Protocol (SOAP) . SOAP transforms traditional merge-mining into a protocol subsidy mechanism. Instead of parent-chain rewards simply flowing to miners, those subsidies are routed to protocol-controlled addresses that buy back QUAI from the market and burn it. The result: ✅ Continuous buy pressure on QUAI ✅ Permanent reduction in circulating supply through burns ✅ Security inherited from established PoW networks ✅ External miners can still earn QUAI via Workshares ✅ Protocol growth funded by real mining revenue rather than inflation This creates a feedback loop where activity on merge-mined chains contributes to QUAI demand while simultaneously reducing supply. At the time of the snapshot, SOAP has already burned 113.5M+ QUAI, demonstrating how merge-mining revenue can be converted into a long-term value accrual mechanism for the network. A notable example of how Quai Network is rethinking Proof-of-Work economics beyond the traditional "block rewards only" model. According to the latest SOAP dashboard: • $5.03M+ total revenue generated • $164.57B+ total value secured across participating chains • 727,865+ transactions processed • 113.56M QUAI burned (worth ~$1.37M) • Revenue sourced from merge-mined chains including Ravencoin, Litecoin, Dogecoin, and Bitcoin Cash. track metrics here: soap.qu.ai